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Dubai’s Limitless to Pay Banks, Trade Creditors $564 Million
Dubai-based developer Limitless LLC will pay banks and trade creditors 2.07 billion dirhams ($564 million) after it sold part of its land bank in Saudi Arabia. About 90 percent of the funds will be paid to lenders, representing 42 percent of the company’s outstanding bank debt of 4.45 billion dirhams,…
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Click here to read the full story: Bloomberg